Dissolution of subsidiary undertaking LOTOS GAZ S.A.
Report no. 4/20112011-01-10

The Management Board of Grupa LOTOS SA hereby reports that on January 10th 2011 the General Shareholders Meeting of LOTOS Gaz S.A. (wholly owned by Grupa LOTOS S.A.) adopted a resolution to dissolve LOTOS Gaz S.A. (the “Company”) by way of its liquidation. The General Shareholders Meeting decided to appoint the current President of the Company’s Management Board as the liquidator.

The Management Board of Grupa LOTOS S.A. also reports that it became aware today that a petition requesting a declaration of bankruptcy of LOTOS GAZ S.A. was filed on January 3rd 2011 with the Commercial Division of the District Court of Płock. The petition was submitted by the Management Board of the Company. According to the information we received today, the petition was effectively withdrawn, and the bankruptcy proceedings were discontinued on January 7th 2011.

The legal basis for the transfer of the current report is to § 5 section 1 point. 24 Decree of the Minister of Finance dated 19 February 2009 on current and periodic information disclosed by issuers of securities and the consideration of information required by the laws of a non-member state.